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March 25th @ 1:00PM
Presold

Attorney's Auction Sale of a Prominent Waterfront Inn Located Near St. Michael's on Maryland's Eastern Shore

23253 Maple Hall Road, Claiborne, MD 21624

Front View of Main House

Excellent opportunity to purchase a prominent estate located on a gorgeous waterfront lot, which includes a nine slip, 150' +/- long, deep water dock and 490' +/- of frontage along Tilghman Creek.

Please note that the owners had a survey performed in 2005 which reflects a total lot square footage of 8.33 +/- acres. A copy of the survey is available upon request. Tax Records (Talbot County) reflect a total lot square footage of 7.18 +/- acres. The property is currently zoned R (Residential) but has a "Special Exception" for a Commercial use.

The estate, known as the "Maple Hall Country Inn," is currently vacant, but was previously used, until September 2009, as a Country Inn/Bed & Breakfast. It includes a three-story frame main house comprising 9,856 +/- sq. ft. of living area, a detached catering hall comprising 2,300 +/- sq. ft. built in 2006, a detached garage comprising 1,200 +/- sq. ft. built in 2003 and a detached 4 stable barn which includes a separate workshop area.

The main home has separate living areas, those for guests and those for the owners.

The first level of the guest portion of the dwelling includes a great room with a see-through fireplace, a large dining room, one guest room with a full bathroom, a public powder room, a fully equipped commercial kitchen, a laundry room, a utility room and additional storage rooms.

The first level of the private residence includes a family room with a fireplace, a modern fully equipped kitchen, a library, a full bathroom, a powder room, additional storage rooms and a wrap-around, screened-in porch.

The second level of the dwelling's guest area includes eight guest rooms, all of which include full bathrooms and private entrances accessible from two wrap-around decks.

The second level of the private residence includes a master-bedroom suite with a master bathroom, "His and Her's" walk-in closets, a sitting room and a private entrance.

The third level of the dwelling includes twelve bedrooms and one full bathroom. This level is in poor condition and in need of renovation.

Major Renovations to the main house in 2003-2004 include:

New Roof
New Siding
New Windows (Anderson)
New Exterior Doors
10 Full & 3 Half Bathrooms Updated
New Sheetrock Walls & Ceilings for 1st & 2nd Levels
New Carpeting, Insulation and Heat Pump Wall Units for Each Guest Room

The property is being sold in cooperation with Benson & Mangold Real Estate.

Broker Co-Op Invited

Ground Rent: Fee Simple

5% Buyers Premium Added To The Hammer Price

Summary Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $50,000 is due at the time and place of sale. The difference to bring the deposit up to 10% of the purchase price is due within 3 business days after the sale in the auctioneer's office. Settlement is 45 days from the sale date. If payment of the balance of the purchase price is not paid within the specified period, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. The Purchaser will pay interest on the unpaid portion of the purchase price from date of sale to date of settlement at the rate of 10% per annum. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement costs and transfer taxes to be paid by the purchaser, provided, however, that if the Property is improved residential real property, and if Buyer is a first time Maryland homebuyer as defined in MD Tax Property Code §13-203(b), as from time to time amended, who will occupy the Property as Buyer's personal residence, then Seller shall pay the state transfer tax of 0.25% to the extent required by law. The property will be sold in "As is" condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.

Click Here For The Full Sale Terms In PDF Format

Contact Agent

Nick Luciani
443-465-4761
nick@alexcooper.com

Note: The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.